Amanda Stanhaus

Tag: fund

Closed-end Mutual Fund

mutual fund with a fixed amount of units, therefore always representing the same percentage of the fund. Shares can be bought and sold, without touching the securities that make up the fund.

(Originally published on Amanda Stanhaus’s financial literacy vocab blog: XO, Bettie Vocab.)

 

New Year’s Resolutions

Whizz! 2013 flew by.

Yikes! 2014 is almost here.

I have lots of big dreams for 2014…I’m not ready to broadcast them yet…they will be reality soon enough!

But in regards to mundane money management—and growth— I’m going to have fun with it!

Organized by category, here are my realistic—yet fun—New Year’s resolutions.

Essentials

The ideal is to pay my credit card in full each month. I’m going to break it down and pay off my balance each Sunday. If successful, I will celebrate by going out for a Sunday nightcap!

Milestones

I’m still saving up for my Vespa. In addition to my automatic saving system, whenever I walk somewhere, the public transit fare I saved will be placed in a jar for safe keeping. The more I walk, the sooner my Vespa will be mine!

Investing

Reading in full my monthly investment statements is no easy task. Eating coconut creme cookies constantly is the easiest task I can imagine. So I am going to mix the two. I will treat myself to coconut creme cookies once a month when I read the investment statements.

Insurance

While I am still on my parents health insurance plan since I am pre-26, I do want check out these exchanges everyone is talking about.  Not that I want to buy my own health insurance until I’m 26…so I will religiously attend weekly family dinners.

Oops

Just like I am able to spot my friends’ future husbands (unfortunately, only my friend’s, not mine), I want to spot my oopses before they happen..  If the potential oops has to do with being frugal, I will ask myself, what would Warren Buffett do? And If the potential oops has to do with being fabulous, I will ask myself, what would Helen Gurley Brown do?

Convo (By: Birdie)

Just like Bettie is making financial literacy fun, I am going to break the mold of the grumpy academic economist and be the world’s first PR-perfect conversational economist. I’ll build my fan base here by translating the economic news of the week into key takeaways to provide a bird’s eye view!

O Canada (By: Belle)

Inspired by Bettie, I will do a monthly review of my RRSP while eating maple creme cookies. And when the review is fini, c’est fini avec the cookies!

Happy New Year! Best of luck with your realistic resolutions!

(Originally published on Amanda Stanhaus’s financial literacy blog: XO, Bettie.)

Emergency Fund

[Flashing lights.] “Must spend money.” This is used up quickly when in a pickle. $$ must be saved in advance.

(Originally published on Amanda Stanhaus’s financial literacy vocab blog: XO, Bettie Vocab.)

Equity Fund

Equity=stock Therefore, a mutual fund that invests in stocks.

(Originally published on Amanda Stanhaus’s financial literacy vocab blog: XO, Bettie Vocab.)

Expense Ratio

The cost of running the mutual fund divided by the the assets of the fund. It can potentially be beneficial to own a mutual fund with a low expense ratio, it can increase my return.

(Originally published on Amanda Stanhaus’s financial literacy vocab blog: XO, Bettie Vocab.)

Fixed-Income Fund

mutual fund that invests in fixed-income securities (aka bonds).

(Originally published on Amanda Stanhaus’s financial literacy vocab blog: XO, Bettie Vocab.)

Front-End Load

Pay me up front,” says the mutual fund manager.

(Originally published on Amanda Stanhaus’s financial literacy vocab blog: XO, Bettie Vocab.)

Fund Catagory

mutual fund is categorized by what it invests in whether its bondsstocks, foreign, etc.

(Originally published on Amanda Stanhaus’s financial literacy vocab blog: XO, Bettie Vocab.)

Fund of Funds

mutual fund that invests in a variety of mutual funds.

(Originally published on Amanda Stanhaus’s financial literacy vocab blog: XO, Bettie Vocab.)

Global Fund

mutual fund that invests in the whole wide world, including the homeland!

(Originally published on Amanda Stanhaus’s financial literacy vocab blog: XO, Bettie Vocab.)